Author: Investor Empires
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Why Chinese currency strength is a trend to watch
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USD/CNY weekly Jamie MacGyver of Reuters comes out with a good column on the conundrum China faces as it seeks to stimulate the economy. He highlights that the moves could spark a rise in the yuan and that USD/CNY may also fall with US stimulus. He cites Stephen Jin –…
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Ethereum Sees 43% Crash In Active Addresses, What’s Going On?
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This article is also available in Spanish. Market sentiment towards Ethereum (ETH) He has I turned Relatively bearish, largely due to the cryptocurrency Recent price fluctuations. This negative sentiment is evident in Ethereum’s new active addresses, after it collapsed by a whopping 43%, underscoring the decline in network activity and…
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Why Nvidia stock could soar over 500% by the end of the decade, former consulting exec says
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NVDA shares could reach $800 by 2030, predicts Philip Panaro, former CEO of BCG.Chelsea Jia Feng/PI Phil Panaro predicted that Nvidia could reach another 545% by the end of the decade. The former BCG CEO said the company will rise due to the AI revolution and the move to Web3.…
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Apple drops out of talks to join OpenAI investment round, WSJ says By Reuters
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(Reuters) – Apple Inc (NASDAQ:) has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion, the Wall Street Journal said on Friday. The technology giant recently withdrew from the talks, which are scheduled to conclude next week, the newspaper said, citing a person familiar…
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Binance founder and former CEO Changpeng Zhao released from prison
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Binance founder and former CEO Changpeng Zhao was released from prison two days early after a four-month prison sentence in the United States. The 47-year-old was initially scheduled to be released on September 29, but because the date fell on a weekend, federal rules allowed Changpeng Zhao to be released…
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Binance founder and former CEO Changpeng Zhao released from prison
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Binance founder and former CEO Changpeng Zhao was released from prison two days early after a four-month prison sentence in the United States. The 47-year-old was initially scheduled to be released on September 29, but because the date fell on a weekend, federal rules allowed Changpeng Zhao to be released…
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Recent hurricanes have caused over $200 billion in damage
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Recent major hurricanes to hit the United States left hundreds dead and caused billions of dollars in damage. Hurricane Beryl – 2024 Hurricane Beryl was the first of the 2024 Atlantic hurricane season, according to National Oceanic and Atmospheric Administration. Exceptionally warm ocean temperatures caused it to strengthen into a…
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More signs that there won’t be enough electricity
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Today Latitude Media spoke with Peter Freed, former director of energy strategy at Meta (he left in April) and he talked about the massive amount of power that will be required for data centers. This is in addition to green transition energy and chronic underinvestment in the grid. “Most of…
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Is Meme Coin Season On? Over 50% Of All Solana Tokens Minted From Pump.fun
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Solana, which mirrors the performance of Bitcoin and its main rivals, BNP and Ethereum, was flat at press time. Although the gains were not sharp, SOL bulls are shaking off weaknesses. More importantly, Solana is recovering from the late July recession that saw the currency fall to as low as…
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Is Meme Coin Season On? Over 50% Of All Solana Tokens Minted From Pump.fun
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Solana, which mirrors the performance of Bitcoin and its main rivals, BNP and Ethereum, was flat at press time. Although the gains were not sharp, SOL bulls are shaking off weaknesses. More importantly, Solana is recovering from the late July recession that saw the currency fall to as low as…
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Unga narrows full year loss to Sh669.5m on lower costs
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Manufacturer Unga Group Plc narrowed its loss for the year ending June 2024 to Sh669.5 million from Sh959.3 million previously, on lower costs. The company attributed the lower costs to improved efficiencies in its operations and one-time gains in foreign exchange with the appreciation of the Kenyan shilling in the…
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Bitcoin Breaks $65K, $365M In Spot ETF Inflows Fueling The Rally
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This article is also available in Spanish. Bitcoin has been the subject of media attention lately, and not just because of its rising prices More than $65,000 But also due to unusual inflows into spot Bitcoin ETFs. These flows, according to Persian investorsreached an impressive amount of $365 million as…
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Bitcoin Breaks $65K, $365M In Spot ETF Inflows Fueling The Rally
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This article is also available in Spanish. Bitcoin has been the subject of media attention lately, and not just because of its rising prices More than $65,000 But also due to unusual inflows into spot Bitcoin ETFs. These flows, according to Persian investorsreached an impressive amount of $365 million as…
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RugbyPass scores major double win at the 2024 Global Search Awards
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At the 2024 Global Search Awards, rugby news platform, RugbyPass, was named the winner of two hotly contested and highly coveted awards – ‘Best Use of Content Marketing’ and ‘Best Use of PR’. RugbyPass, together with its partner digital agency, Another conceptwere honored in these categories for their work in…
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BofA: Chart: Go short gold vs. silver. Entry, target, stop, and rationale
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Bank of America recommends shorting gold against silver at 83.50, with a target of 78.50/75.00 and a stop of 87.50. Key points: gold: Price targets for 2024 at 2368, 2538 and 2643 have already been achieved, with the next target at approximately 2733. However, Bank of America advises against chasing…
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Changpeng Zhao is walking free. What will he do next?
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He has been banned from managing Binance for life, and says he plans to educate children and focus on charity. But does this mean that Czechoslovakia’s days in the cryptocurrency space are already over? Changping Zhao was the richest prisoner in the world, with Forbes magazine estimating his net worth…
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Brazil’s top court rules X must pay pending fines to resume service By Reuters
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SAO PAULO/BRASILIA (Reuters) – The Brazilian Supreme Court said on Friday that social media platform X needs to pay just over $5 million in outstanding fines in order to resume its service in the country, according to a court document. Earlier this week, the Elon Musk-owned social platform informed the…
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Bitcoin Investors Net $456 Million In Daily Profits As BTC Prepares For Major Rally
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Bitcoin has crossed the critical $65,000 resistance level after several days of bullish price action and growing optimism following last week’s interest rate cuts. This impressive move has excited analysts and investors, who are now speculating about higher prices in the coming weeks. The recent rally, fueled by renewed confidence…
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Bitcoin Investors Net $456 Million In Daily Profits As BTC Prepares For Major Rally
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Bitcoin has crossed the critical $65,000 resistance level after several days of bullish price action and growing optimism following last week’s interest rate cuts. This impressive move has excited analysts and investors, who are now speculating about higher prices in the coming weeks. The recent rally, fueled by renewed confidence…